39 held in money laundering raids

PUBLISHED : Wednesday, 13 October, 2010, 12:00am
UPDATED : Wednesday, 13 October, 2010, 12:00am
 

Police have arrested 39 people and frozen suspected triad-related income of HK$10 million in raids against money laundering activities in the New Territories. Three cars, HK$350,000 in cash and a number of computers were also seized. Two triad groups were alleged to be involved in human smuggling, illegal bookmaking, selling contraband cigarettes and loan sharking. They were said to have laundered the crime proceeds through different bank accounts and shell companies.

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39 held in money laundering raids

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